1 minute read
The IRS released a Chief Counsel Advice Memorandum regarding important reminders about claims substantiation requirements for flexible spending accounts (FSAs). The requirements apply...
3.5 minute read
The IRS released FAQs which provide guidance on whether certain expenses related to wellness, general health, and nutrition are medical expenses that can be paid or reimbursed by a...
30 second read
Download our new 2023 IRS Contribution Limits Infosheet. This handy reference for public sector organizations highlights the contribution limits for your HSAs, HRAs, FSAs, retirement...
3.5 minute read
As a reminder, PCORI fees must be reported and paid by August 1st by filing IRS Form 720. Generally, the deadline is July 31st; however, since this date falls on a Sunday, the IRS...
3.5 minute read
The Affordable Care Act created the PCORI (Patient-Centered Outcomes Research Institute) to help patients, payers, the public, and clinicians make more informed healthcare decisions....
2 minute read
The U.S. House of Representatives recently passed the Securing a Strong Retirement Act of 2022 bill. The act is often referred to as “SECURE 2.0” because it builds upon the Setting...
1 minute read
The IRS issued guidance on the taxability of dependent care assistance programs (DCAPs), also known as dependent care flexible spending accounts (FSAs) for 2021 and 2022. Carryovers of...
1 minute read
The IRS has issued a notice which extends tax deadlines for filing Form 1040 series returns and other deadlines to May 17, 2021. The deadlines were extended due to the pandemic....
1 minute read
Personal protective equipment (PPE), including masks, hand sanitizer, and sanitizing wipes used to prevent the spread of COVID-19, can be deducted as a medical expense when filing...
1 minute read
The Affordable Care Act (ACA) has a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. The IRS...
